Tag Archives: Empire Wind 1
Offshore Trojan Horses
In July, the U.S. Department of Interior greenlighted large offshore wind farms in New Jersey and Maryland. Once the financial agreements are in place, New Jersey’s Atlantic Shores and Maryland’s Marwin and Momentum will join the two large wind farms in New York approved in June. These projects will receive huge, multibillion-dollar subsidies from the federal government and electricity ratepayers. What benefits will New Jersey and Maryland enjoy from this flood of money? To answer this question, it is best to recall the classic warning of the Trojan Horse legend, “Beware of Greeks bearing gifts”—in other words, the hidden dangers of accepting something that seems too good to be true. New York State ignored that warning when it agreed to pay very high prices for the electricity to be supplied from its new offshore wind farms—Empire Wind 1 and Sunrise Wind—located off the coast of Long Island. more, >>CLICK TO READ<< 07:37
BP & Equinor Demand 54% Hike In Offshore Wind Power Price Increases
BP PlcBP and partner Equinor ASA EQNR are demanding a 54% hike in electricity prices produced at three offshore wind farms in the United States, per a Reuters report. The companies obtained the rights to develop the Empire Wind 1, Empire Wind 2 and Beacon Wind farms offshore New York. Several projects were awarded, and spikes in inflation forced energy companies to hedge equipment and labor at much higher prices than expected. The strike price for Empire Wind 1 would rise from $118.38 per megawatt hour (MWh) to $159.64 per MWh and for Empire Wind 2 from $107.50 per MWh to $177.84 per MWh. Beacon Wind would witness the strike price increase from 118.00 per MWh to 190.82 per MWh. >>click to read<< 11:29
New York State more than doubles the number of foreign wind turbines planned off the coast of Long Island
New York State’s decision last week to award two “massive” offshore wind power contracts to Norwegian energy giant Equinor will more than double the size of a planned wind farm off the coast of Long Island. It also promises “substantial” upgrades to a section of the electric grid at Oceanside. The 
plan, announced by Gov. Andrew M. Cuomo last week as part of an expansive post-COVID-19 green economy, would bring the number the number of turbines expected to be spinning off the South Shore by 2027 to around 170, encompassing some 80,000 acres from Jones Beach to Islip, the company said. >click to read< 08:50
